The Italian Perspective: The Export Licence Reform Avv. Giuseppe - - PowerPoint PPT Presentation

4 September 2019

The Italian Perspective: The Export Licence Reform

• Avv. Giuseppe Calabi

Managing Partner, CBM & Partners, Milan

4 September 2019

Historical Background

• S. Pulzone (1544-1598), Portrait of Ferdinando de' Medici
• il on canvas, 1590 (Uffizi Gallery, Florence)

§ 1602 Decision of Ferdinando I de’ Medici, Grand Duke of Tuscany (1549-1609) § Export prohibited for artworks created by renowned deceased artists (e.g. Michelangelo, Raffaello, Leonardo)

4 September 2019

The Export Licence Reform Introduced by the Law 124/2017

Before the Reform After the Reform

Age threshold: 50 years Age threshold: 70 years No value threshold Value threshold: € 13,500 (suspended) Works below 70 and above 50 years old Works above 70 y.o. and below value threshold Unilateral declaration: «Autocertificazione»

4 September 2019

Criticalities

To Too muc uch di discretiona nal po power and nd to too man many obj bjects to to be be che hecked

Expo port t de deni nial witho thout ut the the State be being ng

• bl

bliged d to buy buy Ex Exce cessiv ssive dur durati tion of

• f

adm dmini nistr trati tiv e e pr procedur dures St State control less effect ctive Negative impact ct

• n
• n the Italian art

ma market

4 September 2019

Criteria for Qualifying an Artwork as Cultural Property

Artistic value ue Ra Rarity Relevanc nce of the he subj ubject Relation n to an n hi historical and nd cul ultur ural context

Signi nificant testimony for the he hi history of collecting ng Re Relevant testimony of relations nshi hip p be between n civilizations ns

Andy Warhol (1928-1987) Giorgio Armani, 1981, Synthetic polymer paint and silkscreen ink on canvas, 102x102 cm

4 September 2019

Discrepancy between EU and National Laws

• n Art Exports

Lucio Fontana (1899-1968), Concetto spaziale (teatrino), 1966, oil on canvas and wood, 75x94 cm

§ Export from Italy to Switzerland via France § Work between 50 and 70 years old by Lucio Fontana § Value: USD 320,000 § Is Is a a se self lf-de declar larat atio ion n suf suffici cien ent or

• r is

is an an EU ex export lic licenc nce also also re require red?

4 September 2019

Can an Export Licence Be Revoked ?

Th The It Italian alian go government cl claims tha that the the lic licen ence ap applic licatio ion di did no not t st state tha that the the po portr trait wa was

• f
• f Ca

Camillo Bo Borgh ghese

• F. Gérard (1770-1837), Portrait of Camillo Borghese, oil on

canvas, 213x139 cm

4 September 2019

A Comparative Analysis

It Italy aly

• Source country: State prevails over ownership

right

Uni nited d King ngdo dom

• Market country: fair balance between public

control and ownership right

Switzerland nd

Transit country: ownership right is granted maximum protection